FXSystems is one of the newly launched brokerage company established in 2006 which has made a mark of itself in the Forex market. It started its online trading in 2006 itself. They have their offices in Saint Kitts and Nevis. FXSystems is known to have acquired many brokerage company and in turn have been able to lower their spreads, commission and has begun major expansions so that both the company and the retail clients are equally benefitted. The company is regulated by Nevis Financial Services and hence works within the laws of the country. The payment options are varied and include credit cards, debit cards, Global Digital Pay, Moneybookers, Liqpay, Payza and wire transfer. The withdrawal is also easy and hassle free. However, they do not allow traders from United States of America.
They have two types of account for their clients, one is ECN account and the other VIP account. The minimum deposit required to open an account with them is $25,000 and the minimum position size is 1 lot. VIP accounts are accepted directly by FXSystems. Other than these they also have the facility of segregated accounts and managed accounts. Islamic accounts are also available for Muslim traders from Muslim countries. The platform offered by them for trading is MetaTrader 4 which is the most used and recommended trading platform. This MT4 platform is available for both demo as well as live trading accounts. The customer support service is of high quality and is available in several languages making communication easy for the people who speak their native language. The website is also available in several languages. The customer support can be got via phone, live chat and web form. The response has been very prompt and gives all the solutions regarding forex trading. They also allow the use of scalping and Expert Traders.
The reviews are the best mode to know about a company and its performance. The users of the various accounts of this company post review regarding the services offered and their performance online. One can gather information regarding the same and then decide upon opening the account. FXSystems have got very good reviews from its clients and most of them like the fact that they offer other trading instruments like Gold, Silver, CFD, Futures, Indexes and Metals along with forex with a leverage of 1:500 except metal which has a leverage of 1:100. Most of them like that they offer about 60 currency pair to trade in and the spread though is variable is only 0.2 pips on EUR/USD pair. The customer support service and the website are available in multiple languages. The deposit and withdrawal of money is easy and hassle free. Most of the reviews state that execution of trade is very fast with FXSystem. Scalping is allowed and the fact is loved by all traders who like to scalp. They also allow the use of expert advisor in trade. The disadvantage is the minimum deposit is very high. The average rating conferred on them through various reviews is 5.9 out of 10.» Sign up now